Argentine judge freezes 25 crypto accounts in LIBRA probe

A federal judge in Argentina has ordered the freezing of 25 cryptocurrency accounts and demanded that six major exchanges identify their holders as part of an expanding investigation into the collapse of the LIBRA memecoin. The order, issued by Federal Judge Marcelo Martínez de Giorgi on Friday, July 17, 2026, targets accounts on Binance, Bybit, OKX, CoinEx, FixedFloat, and Bitfinex. The action aims to prevent further movement of assets potentially linked to the token's failure, which reportedly caused significant investor losses.

The judicial resolution, requested by prosecutor Eduardo Taiano, is based on a technical report from the Argentine Federal Police's Cybercrime Department. Investigators traced the movement of funds from wallets identified as belonging to the LIBRA team. According to the police findings, millions of tokens moved through the Meteora liquidity protocol on February 14 and 15, 2025, before being consolidated. A major transfer of nearly 500,000 USDT was then moved to the Tron network on May 10, 2026. Authorities allege that once on the Tron network, the funds were fragmented and distributed across multiple wallets in a pattern designed to obscure their trail.